Romania’s economy will grow by 2.5% this year and gradually accelerate up to 3.5% in 2025, while its twin deficits will gradually narrow starting this year, according to the new Autumn Forecast by the Vienna Institute for International Economic Studies (wiiw), which covers the 23 countries of the region.
The wiiw cut the growth forecast for the country by 0.5pp for 2023 and by 0.8pp each for 2024-2025, in line with the global and regional bleaker outlook.
For 2023, wiiw forecasts...
Swedish furniture retailer IKEA said on May 16 that it opened its first planning and order studio in Romania, in the seaside city of Constanța. Located inside the city's Supernova shopping center, the new format offers customers assistance in planning various areas of their homes and ordering furniture and accessories for their projects. The space […]
Brașov, a popular mountain city in central Romania, has again entered the competition for the European Green Capital award for the second year in a row. This time, the Romanian city entered the race for the 2026 title alongside eight other cities with over 100,000 inhabitants from Portugal, Spain, Germany, Austria, Latvia, and Poland. By […]
The high-end natural plum jam sold by Sonimpex under the brand Topoloveni is not in demand by the target market of Cash&Carry chain Metro – owners of small proximity stores and HoReCa firms, the German retail chain said in response to discrimination accusations expressed by the Sonimpex owner, quoted by
The leader of Romania's Liberal Party (PNL), Nicolae Ciuca, formerly prime minister and currently co-president of the country's ruling coalition, confirmed for Digi24 firm plans to run in the presidential elections this autumn. This should boost the party's score in the...
Amethyst Romania, a radiotherapy clinics chain set up by the entrepreneur Ludovic Robert, has started the EUR 10 million project of a new center in the northwestern part of the country at Satu Mare. This will be the fifth Amethyst hospital dedicated to oncological treatments in Romania, after the existing units in Bucharest, Cluj-Napoca, Alba […]
Romania’s natural gas company Romgaz (BVB: SNG), with Rothschild Bank as its adviser, hired JP Morgan to lead the consortium of banks that will intermediate the sale of bonds on the foreign market under an MTN scheme aimed to finance the Black Sea gas project, Neptun Deep, Ziarul Financiar announced...
